I'm surprised at how easily they dispensed with the phony democratic exterior of the regime. This seems like short-term benefit and long-term loss for the regime, as the loss of legitimacy will be tremendous.
"All tyrannies rule through fraud and force, but once the fraud is exposed they must rely exclusively on force."
- George Orwell
It honestly makes me wonder if there isn't an imminent economic collapse the plebs haven't been told about. That would essentially nullify the long term effects of this powergrab.
Hmm... Housing prices have tripled in a couple years. That's a big bubble. Most of it Chinese foreign investment.
Shipping goods futures have jumped up, Amazon skyrocketing in value. That's a big bubble. Most of it from the Chinese.
Energy/oil has surged. Not necessarily a bubble, but a lot of increased demand from it traces back to the Chinese.
Many western banks have outsourced large chunks of their internal data processing, programming, and IT to India and China, leading to a gutted local middle-age group unable to tax-wise support the elderly, while leaving a huge dependency on foreign Indian and Chinese skills.
China is considering going to war. Pointy things pop a lot of bubbles, especially if they're close to the Chinese.
I'm surprised at how easily they dispensed with the phony democratic exterior of the regime. This seems like short-term benefit and long-term loss for the regime, as the loss of legitimacy will be tremendous.
"All tyrannies rule through fraud and force, but once the fraud is exposed they must rely exclusively on force."
- George Orwell
It honestly makes me wonder if there isn't an imminent economic collapse the plebs haven't been told about. That would essentially nullify the long term effects of this powergrab.
An imminent economic collapse?
Hmm... Housing prices have tripled in a couple years. That's a big bubble. Most of it Chinese foreign investment.
Shipping goods futures have jumped up, Amazon skyrocketing in value. That's a big bubble. Most of it from the Chinese.
Energy/oil has surged. Not necessarily a bubble, but a lot of increased demand from it traces back to the Chinese.
Many western banks have outsourced large chunks of their internal data processing, programming, and IT to India and China, leading to a gutted local middle-age group unable to tax-wise support the elderly, while leaving a huge dependency on foreign Indian and Chinese skills.
China is considering going to war. Pointy things pop a lot of bubbles, especially if they're close to the Chinese.